Debt consolidation would affect our credit report / score?
we have about $ 29k of debt payments vechicle, student loans and credit card debt. If we do a debt consolidation, what it hurts our credit rating / report? my score is higher than 800and Sound is just below. We just want to get out a large loan to pay off our debt, we do not have any kind of struggling to pay their in Actually we are making double payments, but also to pass. I guess its time to leave the cards in the freezing water!
I think it would send a flag red. In addition, if you consolidate (even if the interest is lower), you'll be tempted to start buying again.